BEL shares jump 4%, hit 52-week high after Nuvama raises target price post strong Q4 results

May 21, 2025

BEL shares: Nuvama highlighted that BEL’s Q4 margins improved to 30.6% from 26.7% quarter-on-quarter, exceeding market expectations of 24.7%. The management has reiterated its guidance of 15% revenue growth and a 27% operating profit margin, indicating sustained confidence in the company’s outlook.

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